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Finance at Wharton

Wharton’s research centers and initiatives are at the frontier of finance, promoting innovative research and groundbreaking programs in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, financial policy, and regulation. Explore the future of finance below.

Future of Finance Podcast

New Phenomena in Behavioral and Social Investing

Professor Itay Goldstein interviews Bloomberg columnist Matt Levine to examine the GameStop and AMC meme stock sagas and the powerful influence of social media on market events. The discussion highlights the role of behavioral finance in shaping investor actions and how social trends can disrupt financial markets on a global scale. Tune in here!

Research Discoveries

Professor Lu Liu headshot with the Discoveries logo in the top left corner.

The Impact of “Mortgage Lock-In” on Homebuyers

During the pandemic, historically low interest rates offered a unique opportunity for prospective homeowners. However, research by Lu Liu, assistant professor of finance at Wharton and Julia Fonseca of University of Illinois at Urbana-Champaign, suggests that locking in those low rates may have had unintended consequences. Read more here!

Headshot of Sasha Indarte, assistant professor at the Wharton School

How Expanding Medicaid Impacts Household Debt: Q&A with Professor Sasha Indarte

Professors Sasha Indarte and Gideon Bornstein investigate how the expansion of social insurance affects households’ accumulation of debt, in their 2023 paper. In this interview, Professor Indarte dives into these findings and discusses their importance in the larger conversation around the economic resilience of households. Read more here!

Upcoming Events

Recent Events

Wharton Conference on Liquidity and Financial Fragility
The Wharton Conference on Liquidity and Financial Fragility was a conference held at the University of Pennsylvania. The inaugural conference occurred in 2012 and, after a break during the pandemic, we are now gearing up for the our 10th anniversary conference, which will be October 18 – 19, 2024. The conference featured papers by leading authors on the broad topics of liquidity and financial fragility.
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2024 Frontiers in Quantitative Finance Conference
The Jacobs Levy Center held its 2024 Frontiers in Quantitative Finance Conference on Friday, September 20 in Jon M. Huntsman Hall on the University of Pennsylvania’s campus in Philadelphia. The program included paper presentations, a panel discussion, and recognition of the 2024 winners of the Jacobs Levy Center Research Paper Prizes.
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Webinar: The Return of Return Dominance
The Wharton School’s Jacobs Levy Center hosted a special webinar featuring Sean Myers, assistant professor of finance at Wharton. Professor Myers presented his paper The Return of Return Dominance: Decomposing the Cross-section of Prices, which tackles the fundamental question – why do stock prices differ so much between companies? Watch the webinar recording.

About

Finance centers at the Wharton School serve as thought leaders for innovative research by supporting and disseminating cutting-edge work in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, policy, and regulation.